Property Point creates R1bn in procurement opportunities for small businesses
Property Point, the Growthpoint Properties initiative, has officially facilitated more than R1bn successful procurement opportunities for small businesses operating in South Africa’s property sector. Property Point was launched by Growthpoint Properties in 2008, and this year represents a decade of its success in developing sustainable small businesses. Over the past 10 years, it has facilitated market opportunities worth R1.14bn for the 168 SMEs that have taken part in its two-year enterprise and supplier development programmes. It has also created more than 2 405 full-time jobs. The success that Property Point builds for small businesses is concrete; its SMEs report an average 44% growth in revenue. Shawn Theunissen, Head of Corporate Social Responsibility at Growthpoint Properties and Founder of Property Point, says: “Property Point has cemented a decade-long track record of meaningful impact developing sustainable small businesses by enabling access to more than R1bn in mark